Can I retire at age 55 with 575,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$47,483$47,060$46,647$46,245$45,851$44,242
2 years$23,506$23,069$22,644$22,233$21,834$20,230
3 years$15,515$15,076$14,652$14,245$13,852$12,303
4 years$11,520$11,082$10,663$10,263$9,880$8,398
5 years$9,124$8,689$8,275$7,883$7,510$6,099
6 years$7,527$7,095$6,687$6,304$5,943$4,604
7 years$6,387$5,958$5,557$5,183$4,833$3,566
8 years$5,532$5,107$4,713$4,348$4,009$2,813
9 years$4,868$4,447$4,059$3,703$3,377$2,249
10 years$4,336$3,920$3,539$3,192$2,877$1,817
11 years$3,902$3,489$3,116$2,778$2,474$1,480
12 years$3,540$3,132$2,765$2,437$2,144$1,212
13 years$3,234$2,830$2,470$2,151$1,870$998
14 years$2,973$2,573$2,220$1,910$1,639$825
15 years$2,746$2,350$2,004$1,703$1,443$685
16 years$2,547$2,156$1,817$1,525$1,275$569
17 years$2,373$1,986$1,653$1,370$1,131$474
18 years$2,218$1,835$1,509$1,235$1,006$396
19 years$2,079$1,701$1,382$1,116$896$331
20 years$1,954$1,580$1,268$1,011$801$277
21 years$1,842$1,472$1,166$917$716$232
22 years$1,739$1,374$1,075$834$642$195
23 years$1,646$1,285$993$759$576$164
24 years$1,561$1,204$918$693$518$137
25 years$1,482$1,130$850$633$466$115
26 years$1,410$1,062$789$578$420$97
27 years$1,343$999$732$529$379$82
28 years$1,282$942$681$485$342$69
29 years$1,224$888$633$445$308$58
30 years$1,170$839$590$408$279$49
31 years$1,120$793$550$375$252$41
32 years$1,074$751$513$345$228$34
33 years$1,030$711$479$317$206$29
34 years$989$674$448$292$187$24
35 years$950$639$419$268$169$21
36 years$913$606$392$247$153$17
37 years$879$576$367$228$139$15
38 years$846$547$343$210$126$12
39 years$815$521$322$194$114$10
40 years$786$495$301$179$104$9
41 years$758$471$283$165$94$7
42 years$732$449$265$152$85$6
43 years$707$428$249$140$77$5
44 years$683$408$234$130$70$4
45 years$660$389$219$120$64$4
46 years$639$371$206$111$58$3
47 years$618$354$193$102$53$3
48 years$598$338$182$94$48$2
49 years$579$323$171$87$43$2
50 years$561$308$161$81$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $575,000, adding $6,757 every year, while hoping to spend $31,780 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 82/6/12 Blend
54$575,000$575,000$575,000$575,000
55$640,620$610,145$601,232$691,226
56$672,149$606,228$587,560$721,470
57$705,830$601,055$572,364$749,791
58$741,847$594,529$555,561$779,943
59$780,405$586,550$537,062$812,091
60$821,726$577,011$516,773$846,420
61$866,057$565,799$494,600$883,132
62$913,665$552,794$470,439$922,451
63$964,846$537,868$444,187$964,622
64$1,019,925$520,888$415,731$1,009,915
65$1,079,257$501,711$384,958$1,058,629
66$1,143,232$480,186$351,745$1,111,094
67$1,212,280$456,154$315,967$1,167,670
68$1,286,873$429,446$277,492$1,228,759
69$1,367,529$399,884$236,183$1,294,799
70$1,454,819$367,279$191,897$1,366,277
71$1,549,367$331,433$144,482$1,443,727
72$1,651,863$292,133$93,783$1,527,739
73$1,763,064$249,159$39,636$1,618,964
74$1,883,804$202,275$0$1,718,117
75$2,014,997$151,231$0$1,828,313
76$2,157,652$95,767$0$1,953,667
77$2,312,877$35,604$0$2,090,081
78$2,481,892$0$0$2,238,641
79$2,666,039$0$0$2,402,490
80$2,866,796$0$0$2,583,692
81$3,085,787$0$0$2,781,366
82$3,324,803$0$0$2,997,127
83$3,585,813$0$0$3,232,757
84$3,870,986$0$0$3,490,213
85$4,182,707$0$0$3,771,652
86$4,523,606$0$0$4,079,450
87$4,896,576$0$0$4,416,220
88$5,304,803$0$0$4,784,842
89$5,751,796$0$0$5,188,485
90$6,241,417$0$0$5,630,642
91$6,777,923$0$0$6,115,155
92$7,365,999$0$0$6,646,260
93$8,010,805$0$0$7,228,619
94$8,718,026$0$0$7,867,369
95$9,493,922$0$0$8,568,166
96$10,345,390$0$0$9,337,242
97$11,280,024$0$0$10,181,460
98$12,306,192$0$0$11,108,381
99$13,433,111$0$0$12,126,332
100$14,670,934$0$0$13,244,489